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Fly News Breaks for July 12, 2019
Jul 12, 2019 | 09:06 EDT
Craig-Hallum analyst George Sutton upgraded Synacor (SYNC) to Buy from Hold with a $2.00 price target after the company said it has started discussions to wind-down its portal services with AT&T (T). In a research note to investors, Sutton says views this move this as the removal of the largest headwind facing the stock and believes investors will be able to fully recognize the remaining value of the software and advertising segments, which are reflected in his updated FY20 estimate of $100M.
News For SYNC;T From the Last 2 Days
Feb 28, 2020 | 14:04 EST
The Federal Communications Commission announced that it has proposed fines against the nation's four largest wireless carriers for apparently selling access to their customers' location information without taking reasonable measures to protect against unauthorized access to that information. As a result, T-Mobile (TMUS) faces a proposed fine of more than $91M; AT&T (T) faces a proposed fine of more than $57M; Verizon (VZ) faces a proposed fine of more than $48M; and Sprint (S) faces a proposed fine of more than $12M. The FCC also "admonished these carriers for apparently disclosing their customers' location information, without their authorization, to a third party," the FCC notice stated. Reference Link
Feb 28, 2020 | 12:08 EDT
Welcome to "Box Office Battle," The Fly's weekly preview projecting what the top films will be at the box office this weekend. OPENING THIS WEEKEND:... To see the rest of the story go to See Story Here